Aviskar Meditech Private Limited
The wind-down at a glance. Follow the recorded outcome, financials and people behind this company.
What did the wind-down return?
Reported financials Rs crore, shown in lakh below Rs 1 crore
Where the money went
Reported amountsCreditor dues are not reported, so the payout cannot be assessed against them.
All financial figures & reading notes
| Realisation of assets | Rs 24.00 L |
|---|---|
| Amount due to creditors | Not reported |
| Amount paid to creditors | Not reported |
| Liquidation expenses | Rs 3.00 L |
| Surplus to members | Rs 21.00 L |
"Not reported" means no figure is available. A reported zero is shown as zero. Registry capital further down the page is separate from liquidation proceeds, and so are any figures read from the NCLT order.
Where this wind-down sits
against every completed s.59 on the register108 days slower than the median of 618 days across 1,597 completed wind-downs
the median is 9.5%
72% of completed wind-downs returned a surplus to members
below the median realisation of Rs 66.00 L
This is a voluntary liquidation under IBC Section 59 — a solvent company choosing to wind up. Creditors are paid in full and costs met before any surplus returns to members; there is no haircut and no acquirer. Read assets realised, creditor payments, expenses and members' surplus separately. Here, Rs 21.00 L in surplus was returned to members.
The NCLT order
Read from the document itself
- Bench
- BENGALURU BENCH
- Case number
- C.P.(IB)No.23/BB/2021
- Order date
- 24 Mar 2021
The Corporate Person/Company, viz., M/s. Aviskar Meditech Private Limited, is hereby dissolved with immediate effect
What the bench said
We are convinced that the Applicant Company has followed due process of law before filing the instant Application/Petition and nothing remains to be liquidated. Thus, the Petition/Application deserves to be allowed as prayed for.
Statutory observations
The Liquidator has complied with all the conditions and procedural requirements as specified under various provisions of Section 59 of the Insolvency and Bankruptcy Code, 2016.
Why the company wound up
In the order's own words
- What it was set up to do
- to carry out the business of manufacture, import, export, purchase, sell, trade, process, lease and otherwise deal in all kinds of computer hardware, parts etc.
The wind-down, stage by stage
7 dated stages
- 21 Mar 2019 Board resolution to wind up
- 29 Mar 2019 Liquidation commenced
- 2 Apr 2019 Public announcement
- 2 May 2019 Last date for creditors to claim
- 30 Jun 2020 Final report
- 24 Mar 2021 NCLT order
- 24 Mar 2021 Dissolved
Green marks a date from the IBBI register; blue marks a date read from an NCLT order.
The company behind the record
Identity, registration and capital
- MCA status
- Dissolved (Liquidated)
- Company class
- Private
- Category
- Company limited by shares
- Sub-category
- Non-government company
- Listing
- Unlisted
- State
- Karnataka
- ROC
- ROC Bangalore
- Industry
- Business Services
- PIN
- 560002
- Incorporated
- 12 Dec 2012
- Authorised capital
- Rs 50.00 L
- Paid-up capital
- Rs 25.00 L
- CIN
- U74999KA2012PTC067221
- Registered office
- No 54-A,4th Floor, 1st Cross, # 10, Vinayaka Electronics Plaza, S P Ro,ad,,Bangalore,Karnataka,560002-India
The money, as the order printed it
Rs as stated in the document — not the crore figures above
What the company held
Bank balance
Unclaimed proceeds
There were no unclaimed or undistributed funds.
Creditors and claims
As the order records them
No claims or objections were received from any of the authorities or stakeholders.
Litigation and delays
The frictions the order records
Litigation
No litigation is pending against the Corporate Person.
Why it took as long as it did
The Liquidation process of the corporate person could not be completed within 12 months
Figures come from IBBI, NCLT, MCA and other official sources. Methodology · Report an error
See other companies in the voluntary liquidation register.